Singapore Offshore Company Incorporation @ eNETbiz

Geographic Location:
South East Asia

Population:
4,425,720

Native Language(s):
English, Malay, Mandarin and Tamil

Currency:
Singapore Dollar

Political Status:
Democracy

Legal System:
Based upon English Common Law

TOTAL COST OF INCORPORATION*	USD 1,500.00
SECOND YEAR LICENSE FEE (est. yearly coverage maintenance fee)	USD 3,000.00

* Does not include the cost of a local Director

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The island Republic of Singapore is situated at the southern tip of the Malaysian Peninsula. Strategically located along the major shipping and air routes of Asia, Singapore has excellent international trading links. A British Commonwealth country, Singapore gained independence from Great Britain in 1965, but still retains close links with the British Crown. Offshore investors are well served by representatives of most major international banks, financial institutions, investment management companies, accounting and legal firms. It is also one of the leading international financial centres with an advanced and bustling economy. It thrives on political stability, and has an excellent professional and technological infrastructure.

Singapore Private Limited Company
The most outstanding characteristic of a Singapore entity is that it is not perceived as a tax avoidance entity - it is a major trading entity in its own right. The movement of funds is free from any exchange control. This corporate vehicle can take advantage of the lowest tax rates in South East Asia and Singapore’s numerous tax treaties. Corporate Tax is 20% with the first 2 years of income up to $100K tax free, and a personal tax exemption for the first $30K of personal income earned.

Basic Statutory Requirement

Company must have a minimum of 2 officers, comprising at least 1 Local (or Singaporean PR or Employment Pass Holder) Director and 1 Local Resident Company Secretary. One person may occupy both roles, in which case at least one additional Director will be required.
Company requires a Local Registered Office Address. This is the address to which all official mail will be sent to your company.
We provide Local Nominee Director in conjunction with our appointment as your Company Secretary at US$ 7,200 per annum. Additionally we require a refundable deposit of US$ 6,000 and this will be refunded, after netting off our outstanding bills, when our services is no longer required/renewed. Beneficiary must sign our Service Agreement for Fiduciary Services.

Yearly Maintenance Fee (est. US$ 3,000 per annum)
The cost for second year maintainance fee and subsequent years, is US$ 3,000 per annum. This is for secretarial / annual return, tax filing and preparation of FRS Accounts (excluding book keeping which is chargeable on time cost basis at US$ 35 per hour).